Judy Shelton to Fed, Asset-Backed Currency on 4th of July, and More….

So why does Trump want Shelton on the board? Simple: she previously said that if appointed, she would lower interest rates to 0% in one to two years. That’s all markets had to known and following the news that Shelton is being nominated to the Fed board, gold spiked $10 from $1,425 to $1,435 in minutes, as Trump’s push for ZIRP (and soon after, NIRP) just took on an added urgency.

Phi Beta Iota: Go Judy Go! Next up: terminate federal incomes taxes, student and elderly health debt relief and more. Please note that the circulating currency in US paper notes is a debt assumed by the PRIVATE BANKS comprising the Federal Reserve system and our President has them up against a wall. Expect great things from the 4th of July onwards.